Month: January 2021

Value and growth demagogues

Value & Growth Demagogues

I have a problem with both value- and growth investing demagogues. While value demagogues tend to believe any company that trades at a P/E above the market average is too frothy, growth demagogues claim that price doesn't matter.

Don’t Be a Sophist, and Why I Write 27 Page Letters to Clients – Ep 109

The Winter 2020/21 Client Letter that Vitaliy just sent to IMA clients was 27 pages long. Over the next few weeks, he’ll share excerpts from the letter with you, our dear podcast listeners. These excerpts will not focus as much on individual "fish"...

Don’t Be a Sophist

Don’t Be a Sophist

I discuss how to use a Stoic technique to help manage the emotions that come with the stock market.

Why Do I Write a 27-page Letter To Clients

Why Did I Write a 27-page Letter To Clients

In these letters I diligently walk clients through our research on stocks we own, including those we have recently bought and sold. I cover how we value them, why we own them, etc.

A Shift in Perception Transforms Reality – Ep 108

2020 will go into our memory banks as a very painful year. Stoicism, particularly the stoic practice of negative visualization, helped Vitaliy put 2020 into a broader historical context, and compare what happened, which was bad, to what could have...

A Shift in Perception Transforms Reality

A Shift in Perception Transforms Reality

2020 will go into our memory banks as a very painful year. Stoicism, particularly the stoic practice of negative visualization, helped me put 2020 into a broader historical context, and compare what happened, which was bad, to what could have happened.